321 Southlake Blvd Southlake, TX 76092
- Specialty properties
- 3,000 SF
Current Use by Public Records
- Specialty properties
Property Details for 321 Southlake Blvd
- Year built
- 2009
- Property size
- 3,000 SF
- Property type
- Specialty properties
- Property subtype
- Medical space
Description
This exceptional investment opportunity presents a 3,000 square foot medical office building located at 321 W Southlake Blvd, Southlake, Texas 76092, within a medical condo association. The property, built in 2009, boasts a 100% occupancy rate with a strong, well-reviewed tenant under a 5-year absolute NNN lease featuring a 2% annual rent increase. The current Net Operating Income (NOI) is $93,000, yielding a 7.20% capitalization rate. The asking price is $1,292,000. Situated in a high-traffic area (43,000 vehicles per day) with affluent demographics (average household income $305,667 within one mile), this property offers significant long-term growth potential. The tenant, Curis Functional Health, provides a range of healthcare services, including chiropractic care, mental health counseling, and functional nutrition. The property's location within a medical retail plaza featuring dermatology, oral surgery, and orthodontics further enhances its desirability and stability. This passive investment opportunity offers embedded cash flow growth and a highly sought-after Southlake address. The tenant pays all condo association fees.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southlake
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1551
- Latitude
- 32.9405
